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20 Cards in this Set

  • Front
  • Back
ONE WHO REPRESENTS ANOTHER IN ALL MATTERS IS KNOWN AS?
GENERAL AGENT
ONE WHO REPRESENTS ANOTHER IN A SPECIFIC RANGE OF MATTERS IS A?
SPECIAL AGENT
A LISTING IN WHICH ONLY ONE BROKER IS EMPLOYED AND THE PRINCIPAL RETAINS THE RIGHT TO SELL THE PROPERTY WITHOUT COMMISSION IS?
EXCLUSIVE AGENCY
THE LISTING THAT PROVIDES THE MOST PROTECTION TO THE BROKER?
EXCLUSIVE RIGHT TO SELL
A LISTING WHERE IT IS PERMISSIBLE FOR THE PRINCIPAL TO HAVE A LISTING AGREEMENT WITH MORE THAN ONE BROKER IS?
OPEN LISTING
WITH AN OPEN LISTING FOR THE BROKER TO BE PAID A COMMISSION THE BROKER MUST SHOW THAT HE/SHE IS THE?
PROCURING CAUSE
A LISTING THAT IS LEGAL IN ARIZONA, BUT ITS USE IS DISCOURAGED BY THE AZ REAL ESTATE DEPT. IS A?
NET LISTING
AN APPROACH THAT DETERMINES THE VALUE OF THE IMPROVEMENTS SEPARATELY FROM THE VALUE OF THE LAND IS THE?
COST APPROACH
AN APPROACH THAT UTILIZES A COMPARATIVE SALES ANALYSIS IS THE?
MARKET DATA APPROACH
AN APPROACH THAT CONVERTS PROJECTED NET INCOME TO AN INDICATION OF VALUE IS THE?
INCOME APPROACH
THE PRESENT WORTH SOMEONE WOULD EXCHANGE FOR THE FUTURE BENEFITS OF OWNERSHIP IS?
VALUE
THE FOUR CHARACTERISTICS OF VALUE ARE?
DEMAND, UTILITY, SCARCITY, TRANSFERABILITY
THE MOST PROFITABLE USE TO WHICH LAND CAN BE UTILIZED, THE ONE THAT WILLBRING THE GREATEST RETURN?
HIGHEST AND BEST USE
A PROPERTY OBTAINS MAXIMUM VALUE WHEN IT CONFORMS TO THE NEIGHBORHOOD IS PRINCIPLE OF?
CONFORMITY
A LOSS IN VALUE DUE TO THE CONSTRUCTION OF A FACTORY NEAR A RESIDENTIAL AREA IS?
ECONOMIC OBSOLESCENCE
MONEY SPENT ON A PARTICULAR IMPROVEMENT TO A PROPERTY, SUCH AS A TENNIS COURT, INCREASE RETURNS THEREFORE IS KNOWN AS?
CONTRIBUTION
PUTTING SEVERAL PROPERTIES UNDER COMMON OWNERSHIP TO OBTAIN HIGHEST AND BEST USE IS?
PLOTTAGE
THE PROCESS OF COMPLETING PLOTTAGE?
ASSEMBLAGE
LOSS OF VALUE DUE TO WEAR AND TEAR OF THE PROPERTY?
PHYSICAL DEPRECIATION OR PHYSICAL DETERIORATION.
LOSS OF VALUE DUE TO OUTMODED EQUIPMENT, STYLE, ETC...
FUNCTIONAL OBSOLESCENCE